Simple_Renko

XRPUSD Long - Don't trust the news.

BITSTAMP:XRPUSD   리플
See callout bubbles.

Overall, don't trust the news. Stick to your guns. Be objective. Add to your positions when the discount is there. Take profit when prices are high. Use your profits to empower. Don't be selfish. Don't be greedy. Don't be fearful, but believe in your analysis. Trust in the knowledge that you have. If you don't have knowledge, seek it from trusted, proven sources. Trade to live. Don't live to trade.

XRP is taking a very nice bounce from a W demand area that was formed before the New Year. I'm looking at the next all-time high to be formed within the coming weeks. I'm completely okay with being wrong in that prediction, but that is what the chart is showing me. Price still has some work to do in the Rose highlighted area, but I believe that these are weaker sellers who sold out of panic instead of solid conviction. The bullish moves in XRP are fast, fierce, and much more convincing as the mid-long term trend is Up. Let's join these bulls and see how far price will rise before its next correction.

Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.


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